X-Energy (NASDAQ:XE) Hits New 52-Week Low – Here’s Why

X-Energy, Inc. (NASDAQ:XE)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $26.86 and last traded at $26.90, with a volume of 374425 shares changing hands. The stock had previously closed at $27.30.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of X-Energy to a “hold” rating in a research note on Saturday, May 2nd.

X-Energy Price Performance

Insider Activity at X-Energy

In related news, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathleen W. Hyle acquired 10,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 12,300 shares of company stock valued at $282,900 in the last 90 days.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.